The central probe agency had, on December 1 previous year, conducted similar searches on the premises of a relative of Karti and others in this case.
ED official charged that Karti had "also closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment" under the PMLA.
He also added that Prime Minister Modi and his government use ED and the Central Bureau of Investigation (CBI) as "captive puppies".More news: I feel like rape victim, says liver patient 'branded' by surgeon
Speaking to media on ED raids, the senior Congress leader said that "There is no FIR concerning a scheduled crime by CBI or any agency". Nothing was recovered from Karti's house during the raid.
A six-member team from the ED conducted search operations at Chidambaram's house on Haddows Road, Nungambakkam.
The ED had registered a money laundering case against the former Finance Minister's son in May 2017.
Those searched include a chartered accountant linked to Karti, his personal assistant and Karti's residence at Thousand Lights area in Chennai, they said.More news: U.S. settles near 3-year highs despite United States inventory rise
According to sources, the ED officials reached Karti's premises at 7:30 am. There were about five officials at their residence.
The FIPB approval was supposed to go to the Cabinet Committee of Economic Affairs but Chidambaram senior allegedly approved it on his own and the amount for FIPB clearance was wrongly projected to hide facts. Karti Chidambaram is accused of facilitating bribes in the Aircel-Maxis transaction.
The Aircel-Maxis deal refers to a series of allegations of kickbacks in the telecom sector, which was part of the wider 2G scam that engulfed the UPA regime.More news: Mueller adds cybersecurity specialist to Russian Federation probe team